Transport: Research
(asked on 5th July 2018) - View Source
Question to the Department for Transport:
To ask the Secretary of State for Transport, what assessment he has made of the value of research and development to the (a) transport industry and (b) Government’s industrial strategy.
This question was answered on 16th July 2018
The Industrial Strategy states “In this strategy we commit to reach 2.4 per cent of GDP investment in R&D by 2027 and to reach 3 per cent of GDP in the longer term, placing us in the top quartile of OECD countries”.
There are no plans for specific transport targets as part of the wider industrial strategy. However, the Future of Mobility Grand Challenge aims to secure Britain’s position as a leader and innovator in transport.